Insightful!!

#Bitcoin is experiencing a sharp decline. As I mentioned yesterday #BTC☀️ was set for further rejection, and that’s exactly what’s happening now. Some are speculating that $BTC could drop further toward $40K will it hold or break lower❓If #Bitcoin drops further, the decline will likely be limited to $80K and not beyond. After the dip, #Bitcoin will set to rebound toward $120K❓$BTC /USDT Hits Critical Support – Reversal or Breakdown❓



#Bitcoin is currently trading at $87,773, down 1.25%, after hitting a 24-hour low of $86,050. The price briefly rebounded from $87,518, but heavy selling pressure persists.

Key Levels to Watch

Resistance: $88,300 – A breakout could send BTC toward $88,800-$89,500.

Support: $87,500 – If lost, BTC could decline further to $86,800-$86,050.

Trade Setup

Long Entry: A recovery above $88,300 could target $88,800-$89,500.

Short Entry: Failure to hold $87,500 may lead to $86,800-$86,050.

Market Insight

MACD: Shows bearish momentum, but a rebound attempt is visible.

Order Book Sentiment: 25.10% Buy vs. 74.90% Sell, indicating strong bearish pressure.

A decisive move at this level will dictate BTC’s next direction traders should watch closely.